"We believe that there will be an increase in the performance of industries in the mining sector in the following semester, coupled with an increase in commodity prices," he said in a statement released on Tuesday.
Hence, the government will always try to create a conducive business climate, which will enable companies to expand their businesses in order to meet the demand from the domestic and export markets, he noted.
Moreover, the government is focusing on gearing up for the fourth industrial revolution in accordance with a roadmap "Making Indonesia 4.0, he stated.
"The current industrial revolution is highly influenced by technological development, so that it encourages innovations," he added.
Based on a UNIDO report, Indonesia is ranked fourth among 15 countries whose manufacturing industries significantly contribute to their national gross domestic product (GDP).
Indonesia`s manufacturing industries currently contribute 22 percent of its GDP, trailing behind South Korea with 29 percent, China with 27 percent, and Germany with 23 percent.
In fact, Indonesia is the largest economy in Southeast Asia belonging to the Trillion dollar club, an unofficial classification of the world`s major economies, with a nominal GDP of more than US$1 trillion per year.
"What has also made us move faster is demographic bonus until 2030," he pointed out.
(S012/INE)
Reported by Sella Panduarsa Gareta
EDITED BY INE
(T.S012/B/KR-BSR/A014) 07-08-2018 22:17:43
Reporter: Antara
Editor: Fardah Assegaf
Copyright © ANTARA 2018
